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Canadian Neutral Balanced
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (01-17-2025) |
$6.01 |
|---|---|
| Change |
$0.04
(0.63%)
|
As at December 31, 2024
As at December 31, 2024
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Inception Return (October 30, 1997): 6.36%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | -1.51% | 1.26% | 7.77% | 11.13% | 11.13% | 9.29% | 2.33% | 4.50% | 4.79% | 6.45% | 4.87% | 5.13% | 5.73% | 4.71% |
| Benchmark | -2.03% | 2.05% | 10.03% | 13.55% | 13.55% | 11.47% | 4.48% | 6.29% | 6.55% | 8.01% | 6.16% | 6.17% | 6.80% | 5.77% |
| Category Average | -1.58% | 1.25% | 7.24% | 11.69% | 11.69% | 9.97% | 3.11% | 4.99% | 5.26% | 6.44% | 4.77% | 4.89% | 5.08% | 4.57% |
| Category Rank | 197 / 452 | 254 / 452 | 219 / 452 | 359 / 446 | 359 / 446 | 347 / 432 | 378 / 412 | 342 / 392 | 321 / 377 | 256 / 368 | 247 / 358 | 215 / 347 | 180 / 334 | 209 / 301 |
| Quartile Ranking | 2 | 3 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 |
| Return % | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.26% | 1.50% | 1.95% | -2.43% | 2.39% | 0.00% | 3.60% | 0.57% | 2.15% | -0.50% | 3.32% | -1.51% |
| Benchmark | -0.31% | 0.82% | 2.49% | -1.88% | 1.52% | 0.56% | 4.19% | 0.91% | 2.55% | -0.02% | 4.18% | -2.03% |
10.80% (September 1998)
-20.28% (August 1998)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -4.06% | 10.69% | 6.95% | -4.14% | 15.19% | 5.94% | 11.30% | -10.29% | 7.48% | 11.13% |
| Benchmark | -3.02% | 11.97% | 6.22% | -4.30% | 15.62% | 7.61% | 11.90% | -8.20% | 9.43% | 13.55% |
| Category Average | 0.06% | 6.65% | 5.72% | -4.72% | 12.57% | 6.33% | 10.85% | -9.35% | 8.27% | 11.69% |
| Quartile Ranking | 4 | 2 | 2 | 3 | 1 | 3 | 3 | 4 | 3 | 4 |
| Category Rank | 265/ 301 | 105/ 334 | 129/ 347 | 200/ 358 | 49/ 368 | 205/ 377 | 248/ 392 | 367/ 412 | 320/ 432 | 359/ 446 |
15.19% (2019)
-10.29% (2022)
| Name | Percent |
|---|---|
| Canadian Equity | 31.59 |
| Canadian Government Bonds | 19.55 |
| US Equity | 15.98 |
| Canadian Corporate Bonds | 15.08 |
| International Equity | 8.11 |
| Other | 9.69 |
| Name | Percent |
|---|---|
| Fixed Income | 40.21 |
| Financial Services | 17.35 |
| Energy | 7.86 |
| Technology | 7.47 |
| Consumer Services | 5.11 |
| Other | 22.00 |
| Name | Percent |
|---|---|
| North America | 90.98 |
| Europe | 6.87 |
| Asia | 1.09 |
| Latin America | 1.00 |
| Other | 0.06 |
| Name | Percent |
|---|---|
| Royal Bank of Canada | 2.81 |
| Toronto-Dominion Bank | 2.07 |
| Enbridge Inc | 2.06 |
| Microsoft Corp | 1.58 |
| Bank of Montreal | 1.51 |
| Alphabet Inc Cl C | 1.44 |
| Canadian Natural Resources Ltd | 1.42 |
| Brookfield Corp Cl A | 1.39 |
| Canadian National Railway Co | 1.35 |
| Amazon.com Inc | 1.34 |
Renaissance Canadian Monthly Income Fund Class A
Median
Other - Canadian Neutral Balanced
| Standard Deviation | 9.75% | 10.07% | 8.09% |
|---|---|---|---|
| Beta | 0.97% | 0.94% | 0.95% |
| Alpha | -0.02% | -0.01% | -0.01% |
| Rsquared | 0.97% | 0.97% | 0.96% |
| Sharpe | -0.09% | 0.29% | 0.41% |
| Sortino | -0.03% | 0.30% | 0.34% |
| Treynor | -0.01% | 0.03% | 0.03% |
| Tax Efficiency | - | 48.99% | 49.77% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.57% | 9.75% | 10.07% | 8.09% |
| Beta | 0.89% | 0.97% | 0.94% | 0.95% |
| Alpha | -0.01% | -0.02% | -0.01% | -0.01% |
| Rsquared | 0.92% | 0.97% | 0.97% | 0.96% |
| Sharpe | 0.98% | -0.09% | 0.29% | 0.41% |
| Sortino | 2.33% | -0.03% | 0.30% | 0.34% |
| Treynor | 0.07% | -0.01% | 0.03% | 0.03% |
| Tax Efficiency | 76.94% | - | 48.99% | 49.77% |
| Start Date | October 30, 1997 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $40 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL668 | ||
| ATL859 | ||
| ATL910 |
The Fund's investment objective is to generate a high level of current cash flow by investing primarily in income producing securities including income trusts, preferred shares, common shares, and fixed income securities. We will not change the Fund’s fundamental investment objectives without the consent of unitholders by a majority of votes cast at a meeting of unitholders.
To achieve its investment objectives, the Fund: aims to add value through prudent security selection based on fundamental, bottom-up analysis and through the allocation of assets between cash, fixed income instruments, and equities, such as common and preferred shares, income trusts, and other equity securities. Asset allocation can vary over time depending on the Portfolio Advisor’s outlook for the economy and capital markets.
| Name | Start Date |
|---|---|
| CIBC Asset Management Inc. | 09-17-2008 |
| Fund Manager | CIBC Asset Management Inc. |
|---|---|
| Advisor | CIBC Asset Management Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CIBC Asset Management Inc. |
| Distributor | - |
| Auditor | Ernst & Young LLP, Chartered Accountants |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 50 |
| MER | 1.81% |
|---|---|
| Management Fee | 1.45% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.75% |
| Trailer Fee Max (DSC) | 0.75% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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